You spend a lifetime working and saving, amassing a retirement nest egg and wondering how best to invest it and make it last. Then you meet a financial adviser at a free investment seminar at work. You come to trust the planner, who advises you to take a lump-sum payout of your retirement account and let him reinvest it. He says the money will last...Read More
We love our children. We want to support them and watch them grow into stable, happy adults. But sometimes adulthood gets stalled, financially. It’s a normal part of the foray into adulthood; high rent, low pay, high debt, low expendable cash. For your adult children, the trouble with starting out isn’t just learning to manage that paycheck, but to...Read More
One size doesn’t always fit all, especially when it comes to retirement advice. In fact, some of the most time-honored rules of thumb for managing your finances after the end of your primary working years may not make sense in your specific situation. On the other hand, they might make perfect sense. As is usually the case, whether retirement...Read More
I know many of our readers are not “average.” However, if average Joe can support his retirement on as little as $200,000 savings, imagine what you can do with the amount you have! By reading the chart below, you can see that the average spending for retirement households age 65 – 74 is $46,000. It is tough to make that $46k amount with only ...Read More
Being a memorable person in any social setting isn’t always what you say about yourself, but how you talk about those around you. So how do you stand out from this crowd without being creepy or gimmicky? Here’s what memorable people do to stay top of mind.
Downsizing means to make something smaller. No matter if that ‘something’ is an old CD collection or the big pile of junk in your garage. But when you’re facing reducing everything you own so you can retire to a neat little cottage for a well-earned life of leisure, it’s another matter altogether. It’s your whole life! Downsizing: Here’s What You N...Read More
A common myth about living in a senior community is that everyone who lives there is retired. Not at all!
Retirement is a wonderful time in life. Now that your working days are gone, it’s time to slow down and enjoy yourself. But you have to afford these happy years, and studies show 9 out of 10 retirees have no financial plan.
As we age, there’s a stigma about whether we’re doing it all the right way. Successful aging is a concept that’s been around since the 1950s but only became popular in the 1990s with the book, Successful Aging.